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Feb 14, 2025

DriveX’ founder, Narain Karthikeyan, on its sale of stake to TVS Motor Company

AZB & Partners acted for DriveX’ founder, Narain Karthikeyan, in TVS Motor Company’s successful acquisition of a 39.11% stake in DriveX Mobility Private Ltd for ₹97.78 crore. With this acquisition, TVS Motor’s holding in DriveX has increased to 87.38%, making DriveX a subsidiary of the company.

Our deal team comprised our Senior Partner Nanditha Gopal, Counsel Adoksh Shastry and Associate Shubhangi Agarwal.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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